Trend Table for MHNC - Maiden Holdings North America, Ltd. 7.75% Notes due 2043

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 8	A	Weak or Absent	Up	Up	Up	20.56%
Sep 7	B	Weak or Absent	Up	Down	Down	23.17%
Sep 6	B	Weak or Absent	Up	Flat	Down	22.54%
Sep 5	A	Weak or Absent	Up	Up	Up	17.88%
Sep 1	A	Weak or Absent	Up	Up	Up	17.99%
Aug 31	B	Weak or Absent	Up	Up	Up	21.17%
Aug 30	B	Weak or Absent	Up	Flat	Up	22.06%
Aug 29	C	Weak or Absent	Up	Flat	Flat	22.79%
Aug 28	C	Weak or Absent	Up	Flat	Flat	22.75%
Aug 25	C	Weak or Absent	Up	Down	Down	23.66%